U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Tags: US economy
Trump's Victory Expected to Boost US Stocks but Hike Consumer Prices and Higher Inflation, Economists Warn
Donald Trump's second term spurs market optimism but may drive inflation, impacting US consumers and global trade, according to Economists.
Rising US Debt Levels and Economic Instability Fuel Gold Price to New Record High of $2,700 per Ounce
Gold prices have surged to $2,729 per ounce, with experts predicting further increases due to rising US debt and central bank purchases.
Biden Admin to Boost Federal Grants for Higher Wages and Improved Benefits
This Friday, President Biden will sign an executive order to prioritize federal grants for projects offering better wages and benefits, aiming to boost job conditions and secure union support ahead of the November elections.
Goldman Sachs Predicts Strongest US Economic Growth if Harris Wins Presidency
A win for Kamala Harris and the Democrats would boost US economic growth and job opportunities for Americans, while a Trump victory could lead to reduced economic output due to higher tariffs and stricter policies, according to Goldman Sachs.
Latest News
Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.
The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.
The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.
US household wealth reached a record high of over $160 trillion in the first quarter of 2024. In the first quarter of 2024, US household wealth reached a record high of $160.
US President Joe Biden signed a new immigration order. But it could be a double-edged sword for the US economy. Here's why.
Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil.
Concerns about inflation are reducing President Joe Biden's chances of winning reelection, a new poll shows.
Atlanta Federal Reserve President Raphael Bostic has reportedly indicated that the US economy is likely slowing down, which could prompt interest rate cuts this year.
